Misconduct of auditors – is the current liability system too strict?

Misconduct of auditors – is the current liability system too strict? This question is explored in the „Schweizer Juristen-Zeitschrift“, by Dominik Baeriswyl (Swiss Legal Zürich Ltd.) in his new article. In particular, he focuses on obligations of the auditors, objective of the audit report within the legal framework and liability conditions. Especially in cases of bankruptcy, these conditions need to be clearly regulated. Does the much-quoted expectation gap hereby allow the derivation of an increased responsibility for auditors?

Find the conclusion and the whole article here: www.swisslex.ch.